Common use of Mortgage Priority Clause in Contracts

Mortgage Priority. This Lease shall not be a lien against the premises in respect of any mortgages that may now or hereafter be placed upon the property. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease by virtue hereof, and the Tenant agrees to execute any instruments, without cost, which further effect the subordination of this Lease to any such mortgage or mortgages. A refusal by the Tenant to execute such instruments shall entitle the Landlord to the option of canceling this Lease, and the term hereof is hereby expressly limited accordingly.

Mortgage Priority. This Lease shall not be a lien against the premises Leased Premises in respect of to any mortgages first mortgage that may now or hereafter be placed upon the propertysaid Leased Premises. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease by virtue hereofLease, irrespective of the date of recording and the Tenant agrees to execute any instruments, without cost, which may be deemed necessary or desirable, to further effect the subordination of this Lease to any such mortgage or mortgagesmortgage. A refusal by the Tenant to execute such instruments shall entitle the Landlord to the option of canceling this Lease, and the term hereof is hereby expressly limited accordingly.

Mortgage Priority. This Lease shall not be a lien against the premises Property in respect of to any mortgages that may are now or may hereafter be placed upon the propertysaid Property. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease by virtue hereofLease, irrespective of the date of recording, and the Tenant agrees to execute any instruments, without costcosts, which may be deemed necessary or desirable, to further effect the subordination of this Lease to any such mortgage or mortgages. A refusal by the Tenant to execute such instruments shall entitle the Landlord to the option of canceling this Lease, and the term hereof is hereby expressly limited accordingly.

Mortgage Priority. This Lease lease shall not be a lien against the premises Premises in respect of to any mortgages that may now or hereafter be placed upon the propertyPremises. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease by virtue hereoflease, irrespective of the date of recording and the Tenant agrees to execute any instruments, without cost, which may be deemed necessary or desirable, to further effect the subordination of this Lease lease to any such mortgage or mortgages. A refusal by the Tenant to execute such instruments shall entitle the Landlord to the option of canceling this Leaselease, and the term hereof is hereby expressly limited accordingly. Landlord shall use its best efforts to obtain a non-disturbance agreement from any present or future mortgagee, in form and content satisfactory to Tenant.

Mortgage Priority. This Lease lease shall not be a lien against the premises Demised Premises in respect of to any mortgages that may now or hereafter be placed upon the propertyDemised Premises. The recording of such mortgage or mortgages shall have preference and precedence and be superior and prior in lien to this Lease by virtue hereofLease, irrespective of the date of re~ording and the Tenant Lessee agrees to execute any instruments, without cost, which may be deemed necessary or desirable, to further effect the subordination of this Lease to any such mortgage or of mortgages. A refusal by the Tenant Lessee to execute such instruments shall entitle the Landlord Lessor to the option of canceling cancelling this Lease, and the term hereof is hereby expressly limited accordingly.